value-based healthcare

In European countries, we have seen a rise in real health expenditure that is greater than real growth in national incomes. But, despite this, improvement s in health outcomes have been subdued. More is going in but less is coming out of health systems. To me, the key question is not only Why has this happened? It is also important to ask how we reverse the trend to achieve much better outcomes while achieving improved efficiency in health systems of Europe. We know that there are high levels of inefficiency and waste in European health systems. But there is hope: the best performing EU countries have managed to improve efficiency levels while increasing life expectancy and reducing levels of premature death. I believe innovation is the key to solving this problem. However, we are faced with a paradox between the 'delivery of innovations' and 'innovation in delivery'. The 'delivery of innovations' has been remarkable, thanks to breakthroughs in science and the digital revolution. Medical devices, medicines and health technologies are enabling more precise diagnosis, monitoring and treatment. At the same time, 'innovation in delivery' of healthcare services has been all but stagnant. This is a source of inefficiency; a failure to improve the effectiveness, equity and responsiveness of health care required to achieve better and more consistent outcomes. And so, while the world around us changes, healthcare is a laggard in terms of how it delivers services. Entertainment, communication, banking and government services have responded to technological advances to rethink how they meet the needs of citizens and consumers. We cannot afford this any longer. New funding and investment models are critically needed for transformative innovations in health systems to achieve value, ensure sustainability and protect universal health coverage enjoyed by citizens of Europe. A sustainable model By incorporating value...
Patrick Boisseau will be a speaker at the MedTech Forum on 16/5. Find more about the programme here ! As European research and innovation funds extend their focus towards diagnostics, digital and medical technologies, medtech companies must be ready to engage. A major future EU public-private partnership in research and innovation is currently in gestation. I believe it could help to address some of the biggest challenges in modern healthcare – and its scope will be wide enough to welcome medical devices and diagnostics companies, large and small. Let’s consider some historical context. The EU research and innovation budget is significant. The Horizon 2020 programme, which ends next year, has a budget of around €80 billion. One of the key elements, as far as healthcare is concerns, has been the Innovative Medicines Initiative (IMI). This public-private partnership was funded by the European Commission and through in-kind contributions from pharmaceutical companies. In its first iteration, it had a total budget of €2 billion. The current incarnation which ends next year, has a budget of more than €3 billion. While IMI has, for more than 10 years, fostered collaboration and cooperation between pharmaceutical companies in unblocking bottlenecks in the medicines development pipeline, I expect the next big ‘PPP Health’ to go further. Modelled on the IMI structure as well as the ECSEL partnership for the micro-electronics sector, it will encompass pharma, biotech and medtech. This makes perfect sense: the solutions to the health challenges we face as a society do not lie in one industry – the future is patient-centred and integrated, with a significant role for digital technologies. I expect this approach to be welcomed by the medtech sector, particularly if it is accompanied by supports that will help start-ups and entrepreneurs tap into funds that may previously have seemed distant...